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Home / Capital / Results

Far East Hospitality Trust posts 30.7% lower DPS of 1.38 cents for 2H20

Results

Far East Hospitality Trust posts 30.7% lower DPS of 1.38 cents for 2H20

Felicia Tan Published on Thu, Feb 11, 2021 / 8:43 AM GMT+8

The manager of Far East Hospitality Trust (FEHT) reported a distribution per stapled security (DPS) of 1.38 cents for the 2QFY2021 ended December, 30.7% lower than DPS of 1.99 cents.

This brings DPS for the FY2020 to 2.41 cents, 36.7% lower than DPS of 3.81 cents in FY2019.

Gross revenue for the 2HFY2020 fell 34.8% y-o-y to $39.0 million, while FY2020 gross revenue fell 27.9% y-o-y to $83.3 million.